Stock of Interest

Posted On: October 3, 2023

Stock Report: BIRLACORPN(NSE) 29 Sep 2023 

Birla Corp Ltd is a multi-product manufacturing company. The firm’s operating segments are Jute, Cement, and others. Its products include Ordinary Portland Cement, Portland Pozzolana Cement, and Portland Slag Cement among others. The company generates a majority of its revenue from the Cement segment. Geographically, it generates a major share of its revenue from India. The firm’s brand profile consists of MP Birla Cement Unique, MP Birla Cement Samrat Advanced, MP Birla Cement Chetak, and MP Birla Cement Concrete, among others. . 

#xCalData predicts that # BIRLACORPN will continue its bullish phase over the next five days and trend within the range of 1208 to 1294. 

In comparison to the previous month, the price of the stock has experienced an increase of 8.98% indicating a bullish. 

The Stock has doubled twice since 27 Mar 2015 and took an average of 3.3 years to double. 

The stock has shown seasonality trend in the past. 

Reviewing the returns for the past 5 years for the same week, we see the stock has given negative returns in 4 years in the past. 

Majority of the technical ratios trend towards Bullish side of the spectrum. Only some of the technical indicators namely Coppock Curve indicate Bearish view. 

Collectively, xCalData suggests the stock would be in Bullish zone for next 5 days. 

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